Investing in complexity – Insights from some of Northern Europe’s most ambitious ventures
Over the last decade, early-stage investing has become both more accessible and more unpredictable. Valuations have swung widely, capital cycles have accelerated, and the line between speculation and strategy has often blurred. Against this backdrop, Klint Ventures was founded with a clear focus: to deliver long-term value to investors by combining innovation with professional risk management.
We invest in complex businesses. Not because complexity in itself is attractive, but because some of the best opportunities for structural value creation arise in sectors where IP, regulation or infrastructure create natural barriers. These companies are not always simple to explain, and they require more than capital. But when managed correctly, they offer both competitive durability and strategic relevance.
Our approach is grounded in three guiding principles:
1. Complexity must always come with clarity
Joakim Bergman, Co-Founder and CEO, Klint Ventures
We do not seek out unnecessary risk. The team behind Klint has decades of experience in entrepreneurship, corporate finance and international investment. Today we focus only on companies where we can clearly identify both the strategic upside and the operational path to realise it. This means aligning ownership, governance and capital structure early, validating assumptions carefully and engaging actively from day one.
2. Structure is part of the product
What a company builds is important, but how it is structured to scale is just as critical. We work closely with our portfolio companies to ensure that legal frameworks, financial models and internal processes support sustainable growth. When the foundation is right, the company can move faster, raise capital more effectively and execute with confidence. The right structure protects both opportunity and investor trust.
3. Active ownership protects investor capital
We are not passive participants. We hold board positions, lead financing rounds and support founders in everything from strategy to recruiting. We ask the right questions, help solve real challenges and stay closely involved. This level of engagement improves visibility and accountability, which reduces risk and strengthens long-term value. It also ensures that our investors’ interests are consistently represented and protected throughout the journey.
A standout example is Apatura, Klint Ventures’ flagship investment and a company with realistic potential to become one of Europe’s next unicorns. Already valued at over €230 million and growing rapidly, Apatura addresses two of the most transformative trends in the global economy: energy transition and AI infrastructure. With 8.9 GW of secured grid rights for battery storage of which over 1.6 GW is ready to build, and 1.8 GW of projects approved for hyperscale data centers, Apatura is well positioned for monetisation through both platform sales and long-term infrastructure value. As key projects now move into execution and generate both margin and strategic interest, the company is entering a breakout phase with a credible path toward reaching a €1 billion valuation within the next 18 to 24 months.
At Klint Ventures, we see our role not just as investors but as stewards of capital. We recognise that our partners are looking for exposure to innovation and growth, but always with the fundamentals in place. That means responsible structuring, controlled risk and disciplined follow-through.
For those seeking a credible alternative to index-driven funds or short-term hype, Klint offers a carefully curated and actively managed portfolio of Northern Europe’s next-generation ventures. We invite investment managers, family offices and institutional partners to learn more about our model, and to explore how Klint can become a valuable complement to their long-term strategy.
By Joakim Bergman, Klint Ventures